Co-operative Management and Administration MCQ
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Co-operative Management and Administration MCQ
1. A ……………………. institution is a voluntary association of independent economic units,
organized, capitalized and run by, and for its members, providing and/or marketing goods and services on cost-to-cost basis to their members.
2. …………………… movement can be an important instrument in furthering the socialist
progress.
3. ……………… is, “a form of organisation wherein persons voluntarily associate together as
human beings on a basis of equality for the promotion of economic interest of themselves”.
4. …………… is nothing but “self-help made effective by organisation.”
5. A…………………… has been defined as an “economic and social organisation of the working
people, serving not only interest of the members, but also social progress,” which promotes safeguards and realizes the interests and aspirations of the working people”.
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6. In the words of …………………, cooperation is, “a form of organisation wherein persons
voluntarily associate together as human beings on a basis of equality for the promotion of economic interest of themselves”
7. According to …………….Herrick, it is “the act of poor persons voluntarily united for utilizing
reciprocally their own forces, resources or both, under their mutual management to their common profit or loss”.
8. In the words of Horrace Plunkett, it is nothing but “self-help made effective by organisation.”
9. ……………………..eliminates the employers and provides independence to the workers.
10. A …………………….society is a union of weak and needy individuals who have equal rights
and has one vote irrespective of the number of shares held by him.
Co-operative Theory and Practice MCQ-2
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Co-operative Theory and Practice MCQ-2
1. . The International Co-operative Alliance appointed a sub-committee in ……….. for the
first reformulation of Principles of Co-operative Sector.
2. For the second reformulation of Principles of Co-operative Sector, The International Cooperative Alliance appointed a sub-committee in ……………
3. The International Co-operative Alliance revised the co-operative principles for the third
time in its Manchester Congress in ………….
4. . …………………has been compared to a “State within A State”
5. ……………..plays an equalizing role as a welfare factor in a capitalistic economy.
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6. ………….. is a voluntary and democratic association of human beings, based on equality
of control, opportunity, distribution and mutuality for the promotion of their common interests as producers or consumers.
7. …………… serves as an organizational instrument for the economically weaker
producers-farmers, artisans or workers and consumers for strengthening themselves and protecting themselves against the exploitation by the stronger.
8. . The word ………… literally means to work together or act together.
9. . The I.C.A appointed a Commission in ………………….. to ascertain how far the
principles of the Rochdale as defined by I.C.A in 1937 are observed today and the reasons for any non-observance.
10. . . ……………..is based on the principle of self interest, maximization of profits
and exploitation.
Co-operative Theory And Principles MCQ
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Co-operative Theory And Principles MCQ
Cooperatives are based on the values of self-help, self-responsibility, democracy, equality, equity, and solidarity. In the tradition of their founders, cooperative members believe in the ethical values of honesty, openness, social responsibility and caring for others.
1. The International Co-operative Alliance appointed a sub-committee in
……….. for the first reformulation of Principles of Co-operative Sector.
2. For the second reformulation of Principles of Co-operative Sector, The
International Co-operative Alliance appointed a sub-committee in ……………
3. The International Co-operative Alliance revised the co-operative principles
for the third time in its Manchester Congress in ………….
4. From the functional point of view the co-operative societies have been
classified as
5. From the legal point of view the co-operative societies have been classified
as
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6. …………………has been compared to a “State within A State”
7. ……………..plays an equalizing role as a welfare factor in a capitalistic
economy.
8. …………….. and ……………….. are the two pioneers of cooperative
movement in Germany.
9. In ……… societies, the area of operation was large and membership ran into
thousands.
10. In ……………….societies, the area of operation was limited to one village or
if that village happened to be small, then two or three villages were combined together.
BUSINESS ENVIRONMENT MCQ
Business environment is the sum totals of all factors external to the business firm and that greatly influence their functioning. It covers factors and forces like customers, competitors, suppliers, government, and the social, cultural, political, technological and legal conditions.
BUSINESS ENVIRONMENT MCQ
1 . By which act government checks restrictive trade?
A. Industrial Policy Act 1991
B. MRTP Act
C. FEMA act
D. None of these
2. Which of the following does not fall within the jurisdiction of MRTP commission?
A. Prevention of Monopolistic Trade practices
B. Prevention of Restrictive trade practices
C. Prohibition of Unfair Trade Practices
D. Regulation of Combinations
3. Liberalization means
A. Reducing number of reserved industries from 17 to 8
B. Liberating the industry, trade and economy from unwanted restrictions
C. Opening up of economy to the world by attaining international competitiveness
D. Free determination of interest rates
4. When a company taken over another one and clearly becomes the new owner, the action is called
A. Merger
B. Acquisition
C. Strategic Alliance
D. None of the above
5. Relaxing the restrictions and controls imposed on Business and industry means
A. Liberalisation
B. Privatisation
C. Globalisation
D. None of the above
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6. Company images and brand equity is factor affecting business
A. Externally
B. Internally
C. Government Policy
D. None of these
7. Which among the following is not opened for private sector participation
A. Power sector
B. Telecommunication sector
C. Education sector
D. Railways
8. ________ is an economic system based on the principal of free enterprise.
A. Capitalism
B. Socialism
C. Mixed Economy
D. Marxism
9: What are the decisions taken by government of India pertaining to Industrial Sector in the new industrial policy of 1991?
A. VRS to shed the excess load of workers
B. Disinvestment of public sector share holding
C. Referring sick units to BIFR
D. All of the above
10: A monopolistic trade practice is deemed to be prejudicial to public interest except when
A. Authorized by Central Government
B. Authorized by State Government
C. Authorized by Supreme Court
D. None of the above
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Indian Contract Act is one of the important Act in Business Law. It includes various sections, Concepts etc. One should be very clear about the concepts to deal with the Contract Act. MCQ’s are best way to understand the concepts also to check whether we understood it in the proper sense. Hence you can find these Indian Contract Act MCQ’s in Business Law with answers to be very helpful.
This Indian Contract Act MCQ’s in Business Law will be helpful for students of graduation, Post graduation and competitive exams. Moreover we have given the this Contract Act MCQ’s in Business Law with answers so that you can cross verify to get better understanding. This also covers the MCQ’s on Legal Aspects of Business.
Contract Act MCQ in Business Law
1. An offer when accepted becomes ________________
A. Agreement
B. Contract
C. Promise
D. None of the above
Answer: C. Promise
2. Every promise and every set of promise forming consideration for each other is an __________
A. Agreement
B. Contract
C. Promise
D. None of the above
Answer: A. Agreement
3. Select an option based on the below said statements:
Statement 1: “Every contract is an agreement “
Statement 2: “Every agreement is not a contract”
A. Statement 1 is only true
B. Both 1 & 2 are True
C. Both 1 & 2 are False
D. Statement 2 is only true
Answer: B. Both 1 & 2 are True
4. An agreement becomes contract only when it possess ______________
A. Consideration
B. Acceptance
C. Legal Status
D. Essential elements
Answer: D. Essential elements
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5. Social Agreements are not considered as contract because
A. those agreements are not legal
B. They don’t have consideration
C. They don’t create legal relations
D. The intention of the parties are not Lawful
Answer: C. They don’t create legal relations
6. A consideration Cannot be____________________
A. Past
B. Present
C. Future
D. Subjective
Answer: D. Subjective
7. When the acceptance of one party to the contract is not obtained by free consent then the contract becomes
A. Valid
B. Voidable
C. Void
D. Unenforceable
Answer: B. Voidable
8. A agrees to sell 20 KG of sugar to B at Rs. 500. Before delivery Government bans private trading of sugar. So contract could not be executed. This can be termed as
A. Supervening Impossibility
B. Unenforceable
C. Void Agreement
D. Subsequent Illegality
Answer: D. Subsequent Illegality
9.” Void ab-initio” is related to
A. Void Agreements
B. Void Contracts
C. Voidable Contract
D. None of the above
Answer: A. Void Agreements
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10. Unenforceable Contract cause because of Absence of
A. Writing
B. Registration
C. Requisite Stamp
D. All of the above
Answer: D All of the above
11. Constructive contract is otherwise known as
A. Quasi Contract
B. Implied Contract
C. Express Contract
D. Executed Contract
Answer: A. Quasi Contract
12. A car in a Second hand car showroom tagged with the price is an
A. Express offer
B. Invitation to offer
C. Implied Offer
D. Valid offer
Answer: B. Invitation to offer
13. Which of the following is a false statement
A. Consideration can be past
B. Consideration need not be adequate
C. Consideration may move from promise or any other person
D. Consideration cannot move from any other person
Answer: D. Consideration cannot move from any other person
14. When one party of the contract is in a position to dominate the other party and obtain acceptance is known as
A. Coercion
B. Threaten
C. Undue Influence
D. None of the above
ANSWER: C. Undue Influence
15. Which of the following doesn’t fall under Void Agreements
A. Agreement by way of wager
B. Agreement by way of Quasi
C. Agreements in restrain of marriage
D. Agreements to do impossible acts
Answer: B. Agreement by way of Quasi
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Monopoly MCQ
What do you mean by monopoly?
A monopoly refers to when a company and its product offerings dominate one sector or industry. Monopolies can be considered an extreme result of free-market capitalism and are often used to describe an entity that has total or near-total control of a market.
2. Compared to the case of perfect competition, a monopolist is more likely to ?
3. In pure monopoly, what is the relation between the price and the marginal revenue ?
4. If a marginal revenue exceeds marginal cost, a monopolists should?
5. If regulators break up a natural monopoly into many smaller firms, the cost of production ?
6. Public ownership of natural monopolies ?
7. Using government regulations to force a natural monopoly to charge a price equal to his marginal cost will ?
8. Compared to a perfectly competitive market a monopoly market will usually generate ?
9. A monopolist maximizes profit by producing the quantity at which ?
>10. A firm whose average total cost continually declines at least to the quantity that could supply the entire market is known as a ?
Marketing Management MCQ
What Is Marketing Management ?
Marketing management is the organizational discipline which focuses on the practical application of marketing orientation, techniques and methods inside enterprises and organizations and on the management of a firm’s marketing resources and activities.
- Which of the following statements is correct?
- Marketing is the term used to refer only to the sales function within a firm
- Marketing managers usually don’t get involved in production or distribution decisions
- Marketing is an activity that considers only the needs of the organization, not the needs of society as a whole
- Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large
Correct answer: (D) Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large
- Which of the following is NOT an element of the marketing mix?
- Distribution
- Product
- Target market
- Pricing
Correct answer: (C) Target market
- Marketing decision makers in a firm must constantly monitor competitors’ activities-their products, prices, distribution, and promotional efforts-because
- The competitors may be violating the law and can be reported to the authorities
- The actions of competitors may threaten the monopoly position of the firm in its industry
- The actions of competitors may create an oligopoly within an industry
- New product offerings by a competitor with the resulting competitive variations may require adjustments to one or more components of the firm’s marketing mix
Correct answer: (D) New product offerings by a competitor with the resulting competitive variations may require adjustments to one or more components of the firm’s marketing mix
- Political campaigns are generally examples of—
- Cause marketing
- Organization marketing
- Event marketing
- Person marketing
Correct answer: (D) Person marketing
- ______________ is the collection and interpretation of information about forces, events, and relationships that may affect the organization.
- Environmental scanning
- Stakeholder analysis
- Market sampling
- Opportunity analysis
Correct answer: (A) Environmental scanning
- Which of the following is typically NOT a result of recognizing the importance of ethnic groups by marketers?
- Use of an undifferentiated one-size-fits-all marketing strategy
- Different pricing strategies for different groups
- Variations in product offerings to suit the wants of a particular group
- Study of ethnic buying habits to isolate market segments
Correct answer: (A) Use of an undifferentiated one-size-fits-all marketing strategy
- Strategic marketing planning establishes the—
- Resource base provided by the firm’s strategy
- Economic impact of additional sales
- Tactical plans that must be implemented by the entire organization
- Basis for any marketing strategy
Correct answer: (D) Basis for any marketing strategy
- These objectives are often the most suitable when firms operate in a market dominated by a major competitor and where their financial resources are limited
- Niche
- Hold
- Harvest
- Divest
Correct answer: (A) Niche
- When companies make marketing decisions by considering consumers’ wants and the long-run interests of the company, consumer, and the general population, they are practicing which of the following principles?
- Innovative marketing
- Consumer-oriented marketing
- Value marketing
- Societal marketing
Correct answer: (D) Societal marketing
- The use of price points for reference to different levels of quality for a company’s related products is typical of which product-mix pricing strategy?
- Optional-product pricing
- Captive-product pricing
- By-product pricing
- Product line pricing
Correct answer: (D) Product line pricing
Investment Management MCQ
Definition Of Investment Management
Investment management refers to the handling of financial assets and other investments—not only buying and selling them. Management includes devising a short- or long-term strategy for acquiring and disposing of portfolio holdings. It can also include banking, budgeting, and tax services and duties, as well.
-
- Investment is the employment of funds on assets with the aim of earning ………………….. & ……………………..
- Risk & Return
- Income & capital appreciation
- Profit & loss
- Income & Risk
- …………. The taking of business risk in the hope of getting short term gain
- Gambling
- speculation
- Investment
- Portfolio management
- The speculator is always willing to take more risk for more ………………..
- Return
- Loss
- Funds
- None of the above
- Sacrifice of some present value for some uncertain future value is called
- Investment
- Risk
- Gambling
- Speculation
- An example for gambling is ……………….
- Banking
- Cricket
- Horse race
- Hockey
- The main objective of every investors is …………………..risk
- Increase
- Moderate
- Reduce
- None of the above
- The important govt. securities are ………………
- Promissory note and stock certificate
- Shares and mutual funds
- Debenture and financial activities
- None of the above
- Easy convertibility into cash is called ………………..
- Hedge against inflation
- Liquidity
- Capital appreciation
- None of the above
- The main objective of each and every investment is ………. & …………
- Risk & return
- Regularity of income & capital appreciation
- Safety and liquidity
- None of the above
- For investment purpose mainly using …………………… & …………
- Owners fund & borrowed fund
- Mutual fund & derivative fund
- Loan & Mutual fund
- None of the above
- Investment is the employment of funds on assets with the aim of earning ………………….. & ……………………..
( Best 100+ ) Marketing Management MCQ
Definition:-
Marketing management is the process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services to create exchanges that satisfy individual and organizational goals.
- Marketing is a process which aims at _______.
- Selling products
- Maximizing profits
- Satisfying customers
- Producing
- “Many people want a BMW but only a few are able to buy”, is an example
- Need
- Want
- Demand
- status
- _____ is the father of modern marketing.
- Peter Drucker
- Philip Kotler
- Adam Smith
- Henry Fayol
- Marketing is ______
- Art
- Science
- Both
- Neither
- The buying process starts when the buyer recognizes a _________.
- Product
- an advertisement for the product
- a salesperson from a previous visit
- problem or need
- ______ refers to collecting goods of the same type from various sources of supply.
- Buying
- Selling
- Assembling
- Financing
- Which function helps in place utility ?
- Transportation
- Financing
- Risk bearing
- Selling
- Which function gives “time utility”?
- Transportation
- Financing
- Risk bearing
- Warehousing
- The standardised grade name for agricultural product is _________.
- Agmark
- ISI
- Aavin
- BIS
- Aggressive selling is a characteristic of which of the following concept of marketing? Select correct option:
- Production concept
- Marketing concept
- Selling concept
- Product concept
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